Forbes – Data Breaches: Looking Beyond The Bottom Line

forbes-tech-councilThe General Data Protection Regulation (GDPR) has fundamentally altered the way businesses collect, store and process data. In contrast to the United States, up until GDPR’s implementation, European businesses weren’t required to notify the authorities when their systems had been breached, meaning many data breaches — and the extent of them — were difficult to quantify. Since coming into effect just over a year ago, GDPR has ensured that European businesses report this information, forcing them to make their data woes public knowledge.

Strictly speaking, the regulation applies to any data regarding EU citizens, not just those held by European businesses, meaning international businesses can also be penalized for infringements. IT Governance states that more than 200,000 cases were reported in the first nine months, with fines totaling €56 million for GDPR breaches across 31 countries. So, since GDPR penalizes businesses that fail to comply with its legislation, we’re now seeing the true cost of data breaches.

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Forbes – Ethical Hackers: A Business’s Best Friend?

forbes-tech-councilBrands are under pressure to protect themselves and their customers from increasingly sophisticated cyber attacks. With daily media headlines and new regulations, consumers have never been more aware of the threats out there. As a result, businesses are being forced to take the issue of cybersecurity more seriously, facing it head on and putting in place the necessary steps (e.g., encryption, two-factor authentication and key management) to protect their data from hackers.

One avenue that’s not commonly talked about is the value that ethical hackers can have on a business. The common perception is that all hackers are the bad guys. But this is a mistake. As opposed to their Black Hat counterparts, who are out to use their skills on an illegal basis, White Hat hackers use their skills in an ethical manner to keep companies safe. They can be brought in to test and bypass a company’s defences and rather than taking advantage of any vulnerabilities, these are reported and advised on how to fix them.

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Forbes – Seven Ways To Decide Whether Your Company Should Adopt New Tech

forbes-tech-councilWith all the latest developments in technology, it may seem like new advancements in tech are launching every day, and the last company to adopt could end up behind. However, that’s far from the truth.

Not every new tech is designed to suit your company’s needs. In fact, some new tech developments may actually waste your company’s money and time, without much gain to be had at all.

So, how can you tell if a new tech feature, app or other development is the right fit for your company? How can you decide if it will be a boon or a bust? To help you gain some industry insight regarding this question, seven members of Forbes Technology Council share their advice on adopting new tech. Here’s what they said:

7. See If It Aligns With Needs And Objectives

The most crucial aspects when deciding whether to invest in new technology for an organization are does it align with the needs and objectives of the business and the user? Too often we see businesses trying to shoehorn the latest buzzword piece of technology because that’s what’s claimed to be the next big thing. Technology should help elevate a company to the next level, not knock it off course. – Jason Hart, Gemalto

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